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Property profile & analytics
OFF-MARKET
Estimated value
$2,340,000
Investment properties
5503 Virginia Ave Los Angeles, CA 90038-2905
Entity Owned
18-yr Hold
Free & Clear
Property ID
US09-8232738
Property summary
AI-generated overview
This exceptional retail opportunity presents two contiguous spaces totaling 1,000 square feet, ideally located at 5503 & 5513 Virginia Ave in Los Angeles, CA 90038. Each suite offers 500 square feet of versatile space, perfect for a variety of retail uses. The property is currently fully vacant, providing immediate occupancy for a new tenant or tenants. The C4 zoning allows for a wide range of commercial activities. Situated in Los Angeles County, this location benefits from high visibility and foot traffic, making it an ideal spot to establish or expand a business. The minimum leasable space is 500 square feet, with a maximum contiguous space of 500 square feet per suite. This presents a unique opportunity for either a single tenant seeking 1,000 square feet or two separate tenants looking for 500 square feet each. The property's address is 5503 & 5513 Virginia Ave, Los Angeles, CA 90038. This is a fantastic chance to secure a well-positioned retail space in a thriving Los Angeles neighborhood. The property is ready for immediate occupancy. Contact us today to learn more about this exciting opportunity.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1924
Construction
TILT-UP CONCRETE
Total area
10,846 SF
Lot
0.17 ac (7,500 SF)
Zoning code
LAC4
APN
5536-008-001
UPID
US09-8232738
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
HOLLYWOOD AMBITIONS Clothing Supplier
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.34M
Owner & transaction history
1155 North Western Avenue LLC · 18 yrs held
1155 North Western Avenue LLC
since 2008
6 recorded transactions
Zoning & alternative use
LAC4 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Los Angeles submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Los Angeles submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$216 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$29,422
Tax year 2024
Assessed value
$2,317,966
Assessed 2024
Previous assessed
$2,317,966
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$1,674,090
Assessed improvement
$643,876
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1924
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
10,846 SF
Lot
0.17 ac (7,500 SF)
Zoning code
LAC4
APN
5536-008-001
UPID
US09-8232738
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC4 · Los Angeles, CA
Zoning LAC4 · permitted uses
LAC4 · Los Angeles, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Los Angeles. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1924
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
1155 North Western Avenue LLC
Entity
Free & Clear · 18 yrs held
Mailing address
PO BOX 1407, BEVERLY HILLS, CA 90213-1407
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2008
—
1155 North Western Avenue LLC
Garshooni,dorita
Quit Claim Deed
related
—
Aug 31, 2007
—
Robert K Johnson
Johnson,mary L
Quit Claim Deed
related
—
Aug 31, 2007
$1,800,000
Doramed Health Care Mgmt INC
Johnson,robert K
Grant Deed
—
Mar 26, 2007
—
Robert K Johnson
Johnson Living Trust
Quit Claim Deed
related
—
Sep 1, 2005
—
Johnson Trust
Johnson F L & E M 1988 Trust
Quit Claim Deed
related
—
Nov 6, 1972
$32,000
—
—
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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